They just want to stay safe with legalities. Now if you're interested in ICO's that allow US residents to participate, you have to do your research. I know that unikoingold allows us residents and ends in a day or so.

The US puts tremendous effort into protecting its own citizens from their own stupidity.The US also puts tremendous effort into keeping US funds in the US. Combine the two and you see that the US wants to make sure that if the stupid people want to throw away their money then that should happen IN the US and not in Europe.

The USA possesses very restrictive rules regarding the funding of projects in order to make sure that the common man does not get pulled into some sort of pyramid scheme.

The irony here is that the MLM type of projects are becoming the only projects USA folks can get involved in!

So they are being driven to higher risk propositions.

The founders of these high risk projects find ways to remain anonymous, and this mystery is being accepted by investors, who understand that anonymity is a must, in order to avoid long armed crack-downs, in which case the U.S. would steal everybody's money, as it did with BTC-e. As such, anonymous ponzi authors are trusted more than US alphabet agencies.

Indeed, lot of investing sites are now created a scam, HYIP and a Ponzi scheme in which they will just run away the hard earned money of the citizens. I just hope this policy will apply also here in our country so that people will obligate to follow because investing sites here are freely to roam in the internet without proper screening in which it will just depend upon the people on how to protect themselves from a scam investment.

The Government protects themselves and their interests. Nothing more. They're the scam as well as their monopolies.

It is more of a theory rather than the truth you are talking about. Claiming that all ICOs are a scam is not really an accurate statement as when you look at an ANN Thread about an ICO here in the forum you will see how many support it and clearly you will see the Website and Whitepaper that comes with it. As for the US Government prohibiting its citizens it is due to the SEC of their country that makes it harder for people to invest in ICOs as they must go to the SEC first before their ICO gets approved.

The irony here is that the MLM type of projects are becoming the only projects USA folks can get involved in!

So they are being driven to higher risk propositions.

That still doesn't mean that people should put their hard earned cash in these outright scams. If the general public wasn't driven by greed, and had the ability to do actual research, these scams wouldn't exist in this quantity.

It's mind boggling when I see how easily people are willing to invest in anything that promises them unrealistic returns. If I come accross these schemes, my inner alarm starts going nuts immediately, which is something others lack.

Their greed is so strong, that this stupidity is giving scammers more incentive to continue scamming innocent people. Essentially, everyone investing in these schemes is somewhat responsible for the actions of these scammers.

There is nothing wrong with governments passing laws it feels will protect its citizens. Whatever their motivations are, I feel regulating the ICO space is most welcome. There are just too many scams in the system, which is hard to tell. If these laws slow them down, then I am all for it.

Some of the bigger cryptocurrency ICOs will ensure they hire lawyers who can create a more “workable” environment for interested parties. If they would not take these steps, their entire token sale would be liable to criminal charges in the US. That is, assuming the SEC would ever decide to investigate a particular crowdsale for those specific reasons. It is highly unlikely that will happen, even though the SEC is looking to regulate ICOs moving forward.

I think the government does not want to ban ICCs but just wants to take control, but in this case there can be monopolization, a balanced way.

If there is any country that is very complicated and can go to any length to get convictions even to the extent of another country, its the United States and even if I happen to create a service in the crypto world, I am sure to exclude USA citizens because I don't have money to pay lawyers and then being offered a deal to plead guilty over something you probably don't know exist in the first place but that's definitely no excuse to the judicial system for whatever reason.

The US puts tremendous effort into protecting its own citizens from their own stupidity.The US also puts tremendous effort into keeping US funds in the US. Combine the two and you see that the US wants to make sure that if the stupid people want to throw away their money then that should happen IN the US and not in Europe.

I agree. That is what happened to China and that is why they implemented new rules and regulations to ban ICOs. We know that there are so much money lost with these scammy ICOs and their citizens does not have knowledge to asses these type of investments.

There is nothing wrong with governments passing laws it feels will protect its citizens. Whatever their motivations are, I feel regulating the ICO space is most welcome. There are just too many scams in the system, which is hard to tell. If these laws slow them down, then I am all for it.

AFAIK, ICO mostly lead into scam so that's why some government decided to ban Bitcoin.Well just like my government still not legalized Bitcoin because Bitcoin can be used to scam people especially corruptor able to use Bitcoin as their advantage

This is not the first time, recently after ban on ICO in China. Many of the ICO's clearly stated that any china's resident cannot take part in ICO all these things clearly indicate the fear that is created by scam coins. People who are not much into cryptocurrency are trapped by scam coins which further leads to allegations on ICO. I think it is sole responsibility of citizens to make sure where they invest their money and should not ban everyone from using ICO.

I realize this is an older topic but can someone explain. If a US citizen were to buy ICO tokens that had not allowed US citizens with like a check box on the registration form stating you were not a US citizen but did not ask for proof of residence. What are the possible consequences and the probability of those consequences? Could their tokens be taken from them at some point?